Money Taps Open for Energy Efficiency Retrofits

Smart Buildings System Integrators Need to Seize the Moment to Reinvent The Profession

In previous posts I reported on news coming from tech companies involved in the Internet of Things (IoT) movement, and how that news could impact the buildings industry.  In recent weeks, waves of announcements from the world of finance have hit.  Schneider Electric’s Chris Hummel sites four reasons that energy efficiency financing is back. But, it’s not just the deep-pocketed ESCO’s (energy service companies) that can make the upfront costs of energy retrofitting a commercial building go ‘poof’ and disappear. There are new third-party financing models that similarly enable projects to be financed based on projected savings. Building owners have grown familiar with the lease-type arrangements due to their use by solar energy companies. This source of upfront capital would eliminate ‘lack of funds’ as a reason to not do an energy upgrade. So get…